NASDAQ$CODX

Co-Diagnostics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Full year results were impacted by lower demand for COVID-19 testing, and clinical evaluations for Co-Dx PCR Home™ Platform were initiated.

Co-Diagnostics reported full year 2022 financial results, impacted by decreased demand for COVID-19 testing. The company is focusing on its Co-Dx PCR Home™ platform and its potential beyond COVID-19.

  • COVID-19's impact on society decreased, leading to lower demand for high-throughput testing.
  • Progress was made against strategic priorities supporting the Co-Dx PCR Home™ platform.
  • Clinical evaluations for the Co-Dx PCR Home platform commenced in February.
  • The company remains focused on clinical evaluations for its Co-Dx PCR Home platform and regulatory submissions.

Headline financials

Total Revenue

$1.4M

Previous: $20.4M-93.1%
EPS (adj)

-$0.19

Previous: $0.25-176.0%
Capital Expenditures

$293K

Previous: $122K+140.9%
Free Cash Flow

-$4.3M

Previous: $4.76M-190.5%
Net Income

-$21.9M

Previous: $7.5M-392.1%
Operating Income

$3.84M

Previous: $10.3M-62.8%
Gross Profit

$886K

Previous: $17.9M-95.1%
Cash & Equivalents

$23M

Previous: $88.6M-74.1%
Total Assets

$123M

Previous: $160M-23.1%
Stock-Based Comp

$2.4M

Previous: $1.66M+45.0%

Revenue & EPS history

Co-Diagnostics · Revenue · Quarterly

$1.4M

Q4 2022-93.1%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Co-Diagnostics · $146K total across 1 segment · Q1 2026

  • Product
    $146K

Forward guidance

The company remains focused on executing the clinical evaluations for our Co-Dx PCR Home platform, including the clinical trials themselves and the analytical studies required to support regulatory submissions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-5.3%

Avg return

Earnings day

-3.9%

Avg return

5 days after

+0.6%

Avg return

30 days after

34%

12 / 35 earnings

Positive

+21.0%

Q1 2022

Best reaction

-32.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%+24.4%+169.2%
Q3 2025-11.4%-8.1%-8.3%
Q2 2025+11.7%+6.4%+28.7%
Q1 2025-2.4%-2.8%-15.5%
Q4 2024-18.3%-8.7%-10.7%
Q3 2024-5.8%-3.3%-29.7%
Q2 2024+4.7%+9.3%+25.2%
Q1 2024-9.0%-8.2%+10.7%
Q4 2023-9.3%-6.8%+1.7%
Q3 2023-7.3%+9.8%-0.8%
Q2 2023-10.8%-6.9%-5.4%
Q1 2023+0.8%+4.9%-20.9%
Q4 2022-14.8%-34.4%-46.4%
Q3 2022+8.6%+9.7%-17.4%
Q2 2022-32.3%-37.9%-50.6%
Q1 2022+21.0%+33.8%+35.1%
Q4 2021-8.3%+4.0%-24.4%
Q3 2021+7.8%+13.1%-2.3%
Q2 2021+11.0%+15.6%+10.8%
Q1 2021+15.7%+20.4%+20.8%
Q4 2020-21.8%-31.1%-27.8%
Q3 2020-20.6%-26.0%-28.8%
Q2 2020-16.8%-21.2%-29.9%
Q1 2020-27.1%-19.5%-33.5%
Q4 2019-16.7%-10.4%+35.2%
Q3 2019-4.3%-3.9%+7.1%
Q2 2019-11.1%-8.1%-13.5%
Q1 2019-14.2%-20.3%-25.7%
Q4 2018+5.6%+0.0%-8.2%
Q3 2018+2.3%-9.3%-13.1%
Q2 2018-1.4%-4.5%-10.8%
Q1 2018-8.1%-7.0%+129.7%
Q4 2017-5.9%-11.3%-14.9%
Q3 2017-3.2%-6.8%-43.4%
Q2 2017+3.2%+9.4%+29.0%
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro